ProcurePro Raises $6.15 Million in Series A
ProcurePro, a Queensland, Australia-based procurement platform for the construction industry, has raised $6.15 million in Series A.
ProcurePro, a Queensland, Australia-based procurement platform for the construction industry, has raised $6.15 million in Series A.
SaaS Investors
The funding round was backed by AirTree and Leigh Jasper, an industry expert, through his VC fund Saniel Ventures.
Founded in 2014, AirTree Ventures is a venture capital firm based in Sydney, Australia. The firm seeks to invest in Australian and New Zealand technology and software companies mainly in blockchain, software-as-a-service, marketplaces, fintech, artificial intelligence, and deep tech sectors.
ProcurePro Use of Funds
The company plans to use the capital to accelerate its growth in the UK, a key expansion market, while maintaining its leading position in Australia and New Zealand.
About ProcurePro
Co-founded by Nathan Dench, Jesse Dymond, Alastair Blenkin, Tim Rogers, and Tom Newby, ProcurePro is a developer of procurement software designed for head contractors. The platform, consolidates over 15 procurement processes into a single digital platform, offering builders visibility, consistency, and control, reducing procurement time by half. The company has already signed up projects worth nearly $600 million in the UK.
Funding Details
Company: Procure Pro Holdings Pty Ltd.
Raised: $6.5M
Round: Series A
Funding Month: January 2024
Lead Investors: AirTree and Leigh Jasper
Additional Investors:
Company Website: https://procurepro.co/
Software Category: Construction Procurement Software
